Pushed Too Far? General Motors Scales Back Future Plans For Korean Factory After Crippling Strikes

General Motors has issued its strongest warning yet that persistent industrial unrest could drive it out of South Korea, just two years after it received a state-backed rescue package to stay.

GM workers have been staging two, four-hour strikes daily since Oct. 30 as they demand an end to a wage freeze put in place after the 2018 deal that saved the Korean operations from bankruptcy.

The strikes and other industrial action have cost the company 17,000 vehicles in lost production, a number that will hit 20,000 by the end of the week, Steve Kiefer, president of GM's international operations, told Reuters.

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Tarzan91303 - 11/18/2020 5:33:22 PM

+1 Boost

GM is penny pinching. Give the workers a raise. They lost more in production than what the increase in wages wouldve cost them.